ESG platforms face market shake-up as free reporting tools expand in Asia

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The story "ESG platforms face market shake-up as free reporting tools expand in Asia" was covered 2 days ago by Eco-Business, a news publisher based in Singapore.

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Eco-Business 2d ago

ESG platforms face market shake-up as free reporting tools expand in Asia - Eco-Business

Quick Summary:

With a Singapore central bank-backed utility offering free Scope 1 and 2 disclosure tools, startups in the increasingly crowded space need to "re-rationalise” their business models amid a funding winter, with more consolidation expected.

With a Singapore central bank-backed utility offering free Scope 1 and 2 disclosure tools, startups in the increasingly crowded space need to “re-rationalise” their business models amid a funding winter, with more consolidation expected.

Last August, Singapore-based ESG platform Turnkey – which counted big corporations like transport giant ComfortDelGro, state-owned utilities firm SP Group and Malaysia-headquartered independent credit ratings provider RAM Sustainability among its clients – went into administration a decade after being founded, according to those familiar with the matter.